Utility in Microeconomics: Understanding Origins, Types & Key Uses

Discover the concept of utility in microeconomics, exploring its origins, types, and applications to analyze consumer ...
Kellogg School of Management

Preferences and Utility

For any two occurrences A and B, you will either prefer A to B, or prefer B to A, or be indifferent between them? If you prefer A to B and B to C, then you'll prefer A to C? If you're indifferent ...
Investopedia

Understanding Marginal Utility and Indifference Curves in Microeconomics

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Erika Rasure is globally-recognized as a leading consumer economics subject ...
Harvard Business School

Altruistic Utility Functions for Joint Decisions

Bell, David E., and Ralph L. Keeney. "Altruistic Utility Functions for Joint Decisions." In The Mathematics of Preference, Choice and Order, edited by Steven Brams, William V. Gehrlein, and Fred S.
Simon Fraser University

I: Preferences and Utility

1. An indifference curve is defined as a set of bundles that a consumer with a given income can afford, and among which she or he is indifferent. 2. More is preferred to less means that if the total ...